Redondo Beach Real Estate in 2016

Real estate market in Redondo Beach CA numbers have gone up againe. Home prices and sales went up. One of the contributing factors were low mortgage rates and increased loan availability. Redondo Beach homebuyers often competed for houses and condos, pushing prices further up. We continued to be in the seller’s market due to the low inventory and low interest rates. Average Redondo Beach home price went up by 10%; number of sales remained steady, restrained only by very low inventory. The lowest home sold at $300,000, the highest at $5.3M. Here is more information on Redondo Beach home sales, trends, average price.

Redondo Beach Real Estate

2016

2015

Difference

No. of sales

937

961

+2%

Average Sales Price

$1,031,278

$937,394

+10%

Average Days on Market

42

73

-6%

Real estate is local. Price changes vary from a neighborhood to a neighborhood, from South Redondo to North Redondo Beach. If you’re thinking about selling, contact me anytime with questions or to get a free home evaluation

This charming 4 bd 2.5 House just came on the market in The Avenues Redondo Beach, one of the most desirable South Redondo Beach neighborhoods.

Rare opportunity to own this luxurious home in The Avenues and enjoy ocean views and the beach lifestyle that South Redondo Beach is known for. This house is first time on the market in 30 years. This distinctive 1930 Spanish colonial style offers four bedrooms and 2 1/2 bath , 2496 sq ft of living space. Ocean view home owned and beautifully maintained by the same owner. Perched on a panoramic Ocean view RBR-3 CORNER lot in the coveted Hill section of the Avenues has views from Palos Verdes to Malibu. New owner can enjoy this distinctive home now. Or build second unit above garage, or build two condos in future. (buyer to verify) A rotunda entry to hard wood door invites you into this enchanted setting. The very large living room 16′ x 21′ has 13 foot high cathedral ceiling with hand crafted beams. Custom fireplace ads warmth to the curves arches and niches. Original hardwood inlaid floors and shutters abound. Designer kitchen has Jennair range , built ins, and island with a salad sink Spacious formal dining room with high ceiling. Over- size master bedroom has vaulted ceiling with skylights and ocean views. 3rd Bedroom has ocean view deck for enjoying sunset. Bedroom 4 is currently being used for an artist studio and has bonus sewing room. Large rear yard paved in brick with mature plants, trees, and spa. Off alley 3 car garage has plenty of space for your cars and more..

You’ll be close to the beach, Redondo Pier, Riviera Village and so much more!

Update – This house sold in 10 days!

Contact Krystyna Baty, your Redondo Beach expert if you’re interested in this or any other property. Call (310) 918-5027 for fill out the contact form.

Are you thinking of buying a nice beach house or an ocean view condo? Whether you want to wake up to the sound of ocean waves or to be just a block or two away from the beach, Redondo Beach real estate offers many buying options. From beach bungalows to Esplanade ocean view condos, South Redondo Beach real estate is worth considering if you are looking for your dream home. Price range from $450,000 for an ocean view condo at The Village to multi million homes on the Esplanade in Redondo Beach. Call your Redondo Beach specialist – Krystyna Baty – at (310)9185-5027 anytime for more information or to book a free Redondo Beach CA tour of available homes for sale.

FHFA did not increase Fannie Mae and Freddie Mac conforming loan limits in Los Angeles county. This decision is disappointing for South Bay and Beach Cities home buyers since it limits buyers choices and increases the cost of borrowing in high cost South Bay areas.

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) announcement to keep the 2016 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000 on one-unit properties and a cap of $625,500 in high-cost areas. Loan limits were increased in Monterey, Napa, San Diego, and Sonoma counties:

“C.A.R. is disappointed that the FHFA didn’t raise the Fannie Mae and Freddie Mac conforming loan limits for next year,” said C.A.R. President Ziggy Zicarelli. “Home prices in California have risen sharply over the past four years, yet conforming loan limits haven’t changed during that time. Not increasing the loan limits will hurt California’s housing market, further exacerbating housing affordability and preventing tens of thousands of California homebuyers from a chance at homeownership.”

C.A.R. and the NATIONAL ASSOCIATION OF REALTORS® (NAR) both have long advocated for making higher conforming loan limits permanent. As a result of C.A.R.’s and NAR’s efforts, cities with high median home prices have benefited from a loan limit above the national conforming loan limit.

The conforming loan limit determines the maximum size of a mortgage that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac can buy or “guarantee.” Non-conforming or “jumbo loans” typically have tighter underwriting standards and carry higher mortgage interest rates than conforming loans, increasing monthly payments and hampering the ability of families in California to purchase homes by making them less affordable.

South Redondo Beach real estate is known for amazing beachfront properties often priced too high for an average buyer. If you’re looking for an affordable way to buy a beach property with an ocean view and a walking distance to the beach, consider buying a condo or a townhouse. Many of those condos can be bought with just 3.5% down. We have properties for everybody, in all price ranges, just minutes away from South Bay beaches. Ask me how to get an amazing property in South Redondo for only 3.5 down. Call (310)918-5027 today!

Imagine taking a walk to the beach and watching a sunset every single day if you choose to. Or, imagine having your morning coffee watching the waves of Pacific ocean! Walk to the Riviera Village and enjoy the sunset dinner.

Today, the inventory of available condos for sale in South Redondo is still low, which is the case with all types of properties in the South Bay area. However, the market changes daily and new properties come on the market every day. There are 30 condo and townhome listings right now with the lowest priced condo at the Brookside Village condo community, listed at $425,000.

If you want to wake up to the sound of ocean waves, you may want to consider a condo on the Esplanade , with a view, priced at $700,000. These are just a couple of options available in South Redondo. There is a wide variety of options available for buyers in South Redondo,

What can one buy in South Redondo Beach real estate under $600,000? Today we have 164 homes listed for sale in Redondo Beach real estate; highest price – $12,999,900; lowest – $299,000. While most oceanfront properties won’t fit into that category, the $600,000 budget can still get you an ocean view condo. Below is a list of current South Redondo listings under $600,000. Whether it’s a condo at The Village/Seascape, Brookside Village or a townhome in the Avenues, we can find a nice home for every budget to let you enjoy beautiful South Redondo Beach.

Redondo Beach Real Estate in 2016 Real estate market in Redondo Beach CA numbers have gone up againe. Home prices and sales went up. One of the contributing factors were low mortgage rates and increased loan availability. Redondo Beach homebuyers often competed for houses and condos, pushing prices further up. We continued to be in […]